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Whitton Company uses a discount rate of 10%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows
Whitton Company uses a discount rate of 10%. The company has an opportunity to buy a machine now for $18,000 that will yield cash inflows of $10,000 per year for each of the next three years. The machine would have no salvage value. The net present value of this machine is
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